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Month: September 2020

Bowling Alleys Cleared To Open, Looking Forward To Leagues Starting Up This Fall

Posted onSeptember 14, 2020September 15, 2020
Rich Sheldon, owner of Saratoga Strike Zone in Saratoga Springs, said he has 30 leagues starting up this fall and his business has all the necessary COVID-19 protocols in place.
©2020 Saratoga Photographer.com

By Lisa Balschunat
Patience was the name of the game for bowling centers in New York state. Some 200 lanes statewide were given the green light from the governor’s office to reopen recently with strict COVID-19 requirements in place.
“We are very excited here at Saratoga Strike Zone to be open again,” said owner Rich Sheldon. “We’ve got 30 leagues starting up. We have all of the protocols in place: barriers between lanes, plexiglass at the desk, social distancing reminders, masks and staff temperature checks.”
He said the Saratoga Springs granted Strike Zone a variance to offer outdoor seating at its restaurant and the state’s Paycheck Protection Program (PPP) helped his establishment weather the coronavirus storm.
“Pre-COVID, I had 78 employees. During the shutdown I had to lay off everyone. Now all of my full-timers are back. I am extremely thankful for PPP … We still have a closed arcade and cannot host birthday parties, so we’re doing our best with what we have.”

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Website Has Monitoring For Home Health Groups

Posted onSeptember 14, 2020September 15, 2020

Brian and Mark Johnson have officially launched StayHomeNY.com, a start-up business focused on providing remote monitoring technology to home care agencies, independent, assisted living and memory care facilities.
Using 4D thermal imaging technology, nurses, staff and family members can remotely monitor a senior living at home or in a residential care community 24 hours per day, according to the owners, who are brothers.
The senior is not required to wear a bracelet or lanyard there is no video monitoring, ensuring the senior’s privacy. The technology detects all types of falls (gradual, fast and concealed) and recognizes activity of daily living patterns, such bathroom use, in bed sleeping, or wandering in the middle of the night, they said.

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NYRA Donates $20,000 To Area Nonprofits Earned From The Sale Of COVID-19 Masks

Posted onSeptember 14, 2020September 15, 2020
NYRA officials at Saratoga Race Course Display ceremonial checks reflecting the money it donated to nonprofit groups raised through the sale of COVID-19 masks.
Courtesy NYRA

The New York Racing Association, Inc. (NYRA) presented a $20,000 donation to several nonprofit organizations as a result of a joint initiative with Saratoga Springs to raise funds for the community through the sale of limited-edition Saratoga Race Course face masks.
The campaign, which launched in mid-June and was immediately met with high demand from racing fans, raised a total of $20,000 which will be divided evenly between AIM Services Inc., Franklin Community Center, Shelters of Saratoga and the SNACpack Program (Saratoga Nutrition Assistance for Children).
NYRA worked with Mayor Meg Kelly to identify the program’s four beneficiaries, which provide food, shelter and other critical resources during a time of increased need resulting from the coronavirus global health pandemic. A portion of proceeds from all mask sales was donated to the nonprofits.
“It was great to see this level of support for a campaign that not only serves as a unique sign of the times, but benefits the collective health of the Saratoga community in so many ways,” said NYRA President and CEO Dave O’Rourke. “We thank our fans for their enthusiasm surrounding the face masks, as well as Mayor Kelly and the City of Saratoga Springs for their continued partnership and leadership.”
“We are all grateful to NYRA and the Saratoga mask initiative for helping us ‘Mask Up’ and raise funds for four of our local non-profits,” said Kelly. “NYRA has demonstrated once again their commitment to the safety and well-being of our entire community. When we get through this, we will be able to look back with pride on the many ways the community pulled together. NYRA’s example is just one of many that make Saratoga Springs such a special place to live, work and visit.”

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Passion For Baking Results In A Booming Business For Woman On Route 50, Saratoga

Posted onSeptember 14, 2020September 15, 2020
Kelly’s Kitchen owner Kelly Groff had been baking and selling treats from her home, growing her business at such a fast pace that she knew it was time to bring it to a new location.
©2020 Saratoga Photographer.com

By Jennifer Farnsworth
Opening a business during a pandemic could be risky business for most, but Kelly’s Kitchen owner Kelly Groff said not even a pandemic can stop a sweet tooth.
This bakery owner is not only selling her baked goods at a steady rate in her new Wilton location, she says she is selling out on a daily basis.
“I’ve only been open a few weeks now but continue to meet new customers every day. Word of mouth has been my absolute best advertisement so far,” said Groff.
Kelly’s Kitchen opened in August at its 4300 Route 50 location, and business is booming. She had been baking and selling treats from her home, growing her business at such a fast pace that she knew it was time to bring it to a new location. The bakery is stocked with cakes, cupcakes, cookies, pastries and all types of desserts.

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Workers At Altek In Waterford Buy Company Via Employee Stock Ownership Plan

Posted onSeptember 14, 2020September 15, 2020

By Jill Nagy
Altek Energy Systems’ president is selling the company to the employees and it will not cost them a penny, he said.
Mike O’Connor, currently the owner and a co-founder of the company, created an employee stock ownership plan (ESOP) that will hold the company’s shares on behalf of the employees. As people retire or otherwise leave the company, they will receive the value of their shares.
Shares will be allocated among the employees based upon the amount of time they have been with the company and how much they earn. Their shares will vest over a five-year period.
O’Connor said the new corporation will be what is known as a Subchapter-S corporation. Subchapter-S corporations do not pay corporate income tax. Rather, their earnings are allocated to the shareholders and taxed as regular income.
As a conventional corporation, Altek pays $400,000-500,000 in taxes a year, O’Connor estimated.
After 40 years with Altek, O’Connor said he sees the transition as a graceful exit strategy. It will leave the company intact and allow him to remove cash from the company. He also foresees considerable tax savings.

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Business Report: Is Title Insurance A Four-Letter Word?

Posted onSeptember 14, 2020September 15, 2020
Daniel B. Wade, attorney with Ianniello Anderson PC in Glens Falls. Courtesy Ianniello Anderson PC

By Dan Wade, Esq.
We’re all familiar with auto insurance, health insurance and homeowner’s insurance, but what do you know about title insurance? Do you know if you’re covered?
Owning a home is likely the biggest investment you’re ever going to make. And like most homeowners, the “American Dream” comes with a mortgage attached. It’s safe to bet that as the mountainous stacks of papers were being shuffled around during your real estate closing, you may not even remember that you purchased title insurance for the lender.
Lenders require this to protect their security. It’s important to note that the title insurance you purchased for the lender, sometimes called a loan policy or mortgage policy, only covers losses incurred by the lender. It does not cover you. At the closing table, you would also have been offered an owner’s title policy.

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Business Report: Insurance Concerns For At-Home Offices

Posted onSeptember 14, 2020September 15, 2020
Melissa Davidson, licensed sales executive at Northern Insuring Agency’s Glens Falls office. Courtesy Northern Insuring Agency

By Melissa Davidson
2020 has been unlike any year before it. Did you ever think that your four-legged friend would be your new co-worker? Or you’d become a full-time teacher while your children learned from home?
For many people, COVID-19 required you to work from home instead of the office. Maybe it has been more cost effective to be able to work from home, but are you sure your type of business is covered by insurance while doing so?
Setting up headquarters at your home does not necessarily mean homeowners insurance will adequately protect your operations. Actually, home-based business activities may void your home insurance.
So now, what questions do you need to ask yourself?
The answer may depend on what kind of home-based business you are operating. Do customers or clients come to your home? What is the value of your business property? Do you hire employees? Do you use your car or other vehicles during your business operations? Do you have clients or employee records on your computer? If you had a loss that damaged your home, would you lose income if you had to close your business?

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Business Briefs: September 2020

Posted onSeptember 14, 2020September 15, 2020

Plug Power Inc., a company with an office in Clifton Park, building clean hydrogen economy, has been named to the Top Green Providers list for 2020 by Food Logistics, the only publication exclusively dedicated to covering the movement of products through the global food supply chain.
Food Logistics’ annual Top Green Providers recognizes companies whose products, services, or exemplary leadership are enhancing sustainability within the food and beverage industry. Each year, the criteria for earning a spot on the list become more stringent for applicants. For example, the editorial staff evaluates a company’s participation in such programs as the EPA’s SmartWay and other recognized sustainability programs; facilities that are LEED-certified, and/or feature solar panels, LED lighting, and other energy saving installations and retrofits that produce measurable reductions in GHG emissions, to name a few.

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After Initial Lull, HVAC Companies Are Busy Installing Systems That Filter The Air

Posted onSeptember 14, 2020September 15, 2020
Ginna DeVit, a service technician with Thermal Associates, an HVAC company, sits behind the wheel of one of the company’s six service vehicles.

By Christine Graf
The COVID-19 pandemic is causing businesses and homeowners to become increasingly concerned about indoor air quality and the spread of airborne infectious diseases. This concern is having a direct impact on the global HVAC industry.
Many Capital Region companies experienced a significant slowdown in business at the beginning of the pandemic. Some, including Superior Co-Op HVAC of Cambridge, closed during this period. According to owner Gerald Davis, his company was closed for two months but experienced a surge in business after they reopened. He hired an additional employee and added a truck to his fleet to keep up with demand.
“When the governor closed down March 23, we closed up,” said Davis. “I laid everybody off because I didn’t know what was going to happen. In May, we were able to open back up and the floodgates opened up on us.”

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Homeowners And Businesses Are Changing Interior Design Goals Since COVID Pandemic

Posted onSeptember 14, 2020September 15, 2020
Vicki Ure, owner of Victoria’s Corner, a home furnishing and custom decorating store in Ballston Spa, has antique furniture pieces as well as supplies to refurbish the home. Courtesy of Saratoga Photographer

By Susan Elise Campbell
Interior design generally follows style trends, the dominant one today being: Form really does follow function as people repurpose and refurbish their homes for office spaces, schoolwork stations and staycations.
Julie Maleski Putzel, founder of JMP Interiors in Clifton Park, said residential clients are using every square foot to create areas or zones they never needed before the pandemic.
“We are shifting the way we live in spaces, move through them and function in them,” said Putzel.
Her forté is “clean and understated but impactful design,” she said. “It’s a refined approach about contrasts, playing with opposites and blending styles that one ordinarily wouldn’t think of but somehow work.”

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